Hortonworks raises $50 million; eyes growth

Hortonworks raises $50 million; eyes growth

Summary: The U.S. enterprise software company raises funds from Tenaya, Dragoneer, Benchmark, Index and Yahoo.

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Hortonworks, the Palo Alto, Calif.-based enterprise software company driving the development of the open source Apache Hadoop framework, announced this morning that it raised $50 million.

The funds come from a number of Silicon Valley investors, including Tenaya Capital, Dragoneer Investment Group, Benchmark Capital, Index Ventures and Yahoo.

In a blog post, chief executive Rob Bearden wrote that the money demonstrates confidence in Hadoop's role as a core compeonent of the data architectures of corporate IT organizations.

"I could not be more excited about the opportunity in front of us," he wrote. "The market reception of our business model and strategy of ensuring 100 percent open source Apache Hadoop becomes an enterprise viable data platform is resonating strongly with the market."

Hortonworks has more than 100 customers to date, and partnerships with a number of large vendors, including Microsoft, Teradata and Rackspace.

The company plans to use the money to increase its global field operations and invest in engineering, important as the company prepares for the upcoming availability of Hadoop 2.0 and Apache Hadoop YARN, the next generation of the programming model MapReduce. Bearden wrote that the company plans to specifically focus on YARN-based initiatives, as well as security, data lifecycle management and streaming.

Topics: Open Source, Enterprise Software, Start-Ups

Andrew Nusca

About Andrew Nusca

Andrew Nusca is a former writer-editor for ZDNet and contributor to CNET. During his tenure, he was the editor of SmartPlanet, ZDNet's sister site about innovation.

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  • Bollocks on Steroids

    Why do VCs invest capital in companies packaging Hadoop on commodity cloud platforms? Zero differentiation. This is low-level IT mechanics.
    Being Guided
  • Big Data = Big Bullshit

    Big Data = A new shade of grey (or gray for US readers). Data Science is being relegated to a world of dull IT mechanics - funded by dumb VCs. The truth is: Big Data is Big Bullshit. Like Data Warehousing, like Decision Support Systems. The real winners will not be people sticking Hadoop on a cloud platform - it will be Machine Learning Disrupters who package solutions for business decision-makers.
    Being Guided